Rehab loan for $250,000 vs $90,000.

[Givonna Wiley]

A lender told me yesterday that it would be easier to get me a rehab loan for

$250,000 than it would be for $90,000 and it would be with no money down.   Does this sound right?

[Will Barnard]

What he is likely saying is that lenders don't like to waste their time doing all the due diligence and paperwork for smaller loans when they can do the exact same work on a larger loan and make more money, thus, any loan is likely easier to get in the $250k range than it is in the $90k range. Keep in mind this is generally speaking.

Similar with commercial loans for say an apartment building, it is difficult to find a lender to loan $750k, but much easier if the loan is over $2M.